There really is nothing wrong with the action today. As our Mike Welch, our Market Analyst pointed out – The Russell 2000 and Russell 2000 Growth Indices are breaking out. The last thing we want to do is fight the market, but it has been my experience that when I can’t find a good reason to not expect upside in an overbought market, it is best to wait for our tactical indicators to no longer be at extreme levels before adding exposure. Given our positive fundamental thesis, we are not in any way saying to cut back or sell, just that the environment is ripe for a mini daddy snap.
Past performance is not a guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses.
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